SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Welcome to the GENT board. GENT has the first drug for VOD.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DewDiligence_on_SI who wrote (404)6/27/2014 3:58:19 PM
From: ghmm  Read Replies (1) of 408
 
I was given the option to receive the underlying security of the ADR. Here is the exact wording (from two different messages):
Holders Will Have Until At Least June 12, 2014 To Decide If They Would Like To Retaininterest In Shares Of The Company. If Holders Do Not Surrender Their Adss An Request Delivery Of The Underlying Shares Before The Depositary Sells Those Shares,Holders Will Lose The Right To Receive Those Shares And Instead Will Beentitled, Upon Subsequent Surrender Of Their Adss, To Receive The Net Proceedsof Sale Of Those Shares,Converted Into U.S.Dollars If Received By The Deposit-Ary In Another Currency. The Date Or Dates On On Which The Depositary Will Sell Remaining Deposited Shares Has Not Been Determined, But It Will Not Be Earlier than June 13, 2014.

As a result of the termination, holders have until 6/12/14 to convert the ADRs into the underlying security.1 ADR converts into 1 ordinary (ISIN: IT0003747927)


I spoke with a representative and after some clarification I decided to do nothing which would result in the sale of my securities. Interestingly one broker did not give me the option.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News